Tag: Markets

With a sense of historical perspective that is submerged by today's e-babble, we can see that some of these dreams will have to become reality simply to ensure that the pace of change over the next century is as rapid as the pace of change has been over the last two centuries.

“Rip-Off Britain” has turned into a damp squib. Economists are unlikely to be surprised.

If you really want to find the New Economy - and the underestimation of productivity gains - look no further than Switzerland.

The Beer Orders proposed greater competition in the brewing industry. The results surprised them, but competition sometimes benefits customers in unexpected ways.

A flavour of John's forthcoming book, 'The Truth About Markets'.

Perhaps the invisible hand of Adam Smith is not as important in free market economies as the freedom for unsuccessful experiments to fail.

Whose interests are served by waves of mergers and demergers?

Regulated businesses face almost all of the strategy issues which confront conventional firms, and some additional ones that are specific to their own environment. As deregulation spreads across Europe, the gap between those firms which handle these specific issues effectively and those which respond to regulation and regulatory changes with hostility, complacency or defeatism will widen rapidly.

Looking at the most productive economies in the world, one common element is striking: Western European influence. This is a most unfashionable observation to make.

As All England Club strives once more to foil ticket touts, the professional economist views the idea of the “just price” with patronising and detached amusement. But is he right?